Posts Tagged ‘proposition’

California Bucked Trend, Voted For Democrats – And Now Will Get A Facefull Of Hell

November 20, 2010

California is in a total meltdown.  But don’t worry.  The state elected a governor formerly known as “Moonbeam” to face reality so the residents wouldn’t have to.  It re-elected the most ideological witch (I’m sorry, SENATOR Witch – she worked so darned hard for that title) in the entire US Senate.  And it actually ADDED to the number of Democrats who already had total control of the state.  Oh, and it passed a proposition that will give Democrats even more total control by making the Republican minority totally irrelevant in the budget process.

Which is another way of staying, it’s time for all the rats to jump overboard and start paddling furiously.  Because the Good Ship Lollipop is about to take a trip to Davy Jones’ Locker.  And she aint no submarine:

Panic in the California Municipal Bonds
November 17th, 2010 1:30 pm MT

There is a fund called the PIMCO California Municipal Income Fund II symbol PCK on the New York stock exchange.

In the last few days the fund has been going vertical down.  Investors can’t get rid of this turkey fast enough. (SEE PICTURE TOP LEFT-DOUBLE CLICK ON CHART TO ENLARGE).

“It might be argued that muni markets are merely reflecting similar declines in Treasuries (TLT). Fair enough. Bond holders, though, are probably are more interested in the fact that their bonds have declined rather than why.

Warren Buffett warned back in June on the muni bond market as local and state municipalities struggle to meet their obligations amid declining tax revenues.

There was a time — before the 2008 crash — when triple AAA rated, insured munis were seen as the safest of safe investments. Times have changed though. Only Assured Guarantee (AGO) still insures municipals, but the company has been recently downgraded from AAA to AA. Ambac (ABK) is in bankruptcy. MBIA (MBI) is entangled in litigation and no longer writes new policies. The financial guarantee business today is but a shadow of its past.

Even though defaults, so far, are rare, the Fed’s zero interest rate policy has thrown a cloud of uncertainty over all bond markets. One can’t help but wonder what happens when ZIRP is withdrawn. Declining tax revenues, rating downgrades, loss of insurance and rumors of bailouts all contribute to the uncertainity and suspicion.

It may be wise to lighten up on all medium to long term bonds at this juncture. Greece, Ireland and Portugal may not be as far removed from New York, Illinois, and California as we might wish.” More…

You have got to love the above quote especially when it says that this precipitous drop is no cause for alarm but at the same time it might be a good idea to lighten up. We prefer to say that there is panic in the California bond markets.

Basically what investors are saying is that they want more interest from these bonds because they are not paying enough. When bonds go down interest on the bond goes up. The problem is that California has no money. The more it raises taxes, the worse the economy does and the less revenue there is. Where is the money going to come from to pay more interest?

The answer is that it will not come from anywhere. The bond market knows this and is getting rid of this investment in search of better performance. It could also be argued that the bond market is also giving the newly elected government Jerry Brown and his union supporters a vote of no confidence. The bond markets know that Brown and Company  will not be able to find the money to pay higher bond yields and therefore the value of the bond is greatly diminished.

At least 80% of states are in this mess and Arizona is no exception. Just yesterday a Hispanic man on Access, Arizona’s welfare healthcare system. was denied a liver transplant because the Obamacare health care reform has heaped an extra $1.2 billion shortfall on the state. There was outrage that this man was not able to get his liver. What does this have to do a a collapsing bond market? People still just expect government to pay and pay and pay and that money is unlimited. This collapse of the bond market signals very clearly that the party is over and the money has dried up even though many people expect differently.

Arizona just does not have the means to pay its existing overhead or to raise money through the bond market. The more states raise taxes the less tax revenue comes in because our economy is shrinking. Arizona’s plight is no different than California’s and the illustration of the PCK bond fund collapse reflects clearly that the markets are signaling they have no faith in the states’ abilities to pay their bills.

Someone is probably going to say, “But Arnold Schwarzenegger was a Republican!”

Because everyone knows that a guy who is pro-gay marriage, pro-abortion, pro-embryonic stem cell research, pro-global warming alarmist, pro-radical environmental agenda, pro-illegal immigrant, pro-bailout, and pro-Obama-stimulus, is clearly a “Republican.”

And California decided to teach RINO pseudo-Republicans a lesson by deciding to pass on the successful billionaire chief executive officer of the incredibly successful company and elect Moonbeam instead!!!  Because I don’t want to look at the hand I just pooped in; I want to look at all the wishes in my other hand instead.

California is facing a MASSIVE $25.4 BILLION deficit.  And unlike Barry Hussein, Governor Moonbeam can’t just print more increasingly worthless dollars.

If that isn’t insane enough, California is facing its black hole of debt by digging faster than ever.  As we speak, California is borrowing $40 million PER DAY 24/7 from the federal government (which can print money and devalue the dollar further and further) to pay for jobless benefits.

Because California’s unemployment rate is 12.4%, and, after two years of bennies, liberals have decided that unemployed workers should get a lifetime of unemployment benefits so they never need to worry about finding a job.

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Of Homosexual Marriage And Teachers Unions

October 29, 2008

Proposition 8 is a big deal in the State of California.  The only political issue getting more campaign funding than Proposition 8 is the Presidential election itself.  If passed, it would re-impose the view of marriage overwhelmingly passed by California voters with 61% of the vote in 2000.  If it fails, homosexual marriage – which was imposed by judges ignoring the landslide result of Proposition 22 – would pass by a vote of the people.

San Francisco Mayor Gavin Newsom started the homosexual marriage ball rolling when – flouting the law he was supposed to uphold – he began to perform homosexual marriages.  Frankly Mayor Newsom should have been arrested and prosecuted.  And he would have been in any society that holds elected officials accountable to laws that other citizens are held accountable to.  Courts finally ordered him to stop, but homosexual couples waved their marriage licenses and sued.  And activist judges made homosexual marriage the law of the land by judicial fiat.

Proposition 8 – although currently slightly ahead in some polls – has faced an uphill battle, primarily because ultra-liberal Attorney General Jerry Brown re-worded the proposition to make it seem as intolerant and unpopular as he possibly could.  Rather than the statement,”only marriage between a man and a woman is valid or recognized in California,” Brown imposed the harsher-sounding wording, “eliminates the right of same-sex couples to marry.”  People are far more in favor of “defining marriage” than they are “eliminating rights.”

One of the key issues is whether schools would begin teaching homosexual marriage to children.  The supporters of Prop 8 say YES; the opponents say it’s a flat lie.

An NPR article title has the right question: “If Gay Marriage Is Allowed, Will Schools Promote It?

Other than the documented FACT that it has already happened in Massachusetts, where kids ARE indoctrinated into homosexual marriage and the courts have ruled, “public schools are not obliged to shield students from ideas which are potentially offensive to their parents,” there is another little issue to consider that should serve to prove that schools would promote homosexual marriage: namely, the fact that the California Teachers Union is the NUMBER ONE financial supporter against the Proposition 8 ban on gay marriage.

Ask yourself one question: if teachers don’t intend to teach homosexual marriage in California schools, then why in the hell do we have this:

California’s largest teacher’s union has given another $1 million to defeat a Nov. 4 ballot initiative that would ban same-sex marriage in the state.

The contribution recorded Tuesday makes the California Teachers Association the largest institutional donor to the No on 8 campaign. CTA also gave $250,000 in August to Equality for All, a coalition of gay advocacy and civil rights groups opposing Proposition 8.

They can’t WAIT to indoctrinate your little darlings into homosexual marriage.  They have proven complete failures at teaching children how to read, or solve simple math problems, but teaching your little boy that there’s nothing wrong with him being bent over and sodomized is another issue entirely.  They think they’d actually be pretty doggone good at teaching that.

The education “professionals” who say that California schools would not be required to teach homosexual marriage are incredibly deceptive.  In fact, schools wouldn’t have to teach homosexual marriage if and only if schools didn’t teach sex education.  It is technically true that sex education is a curriculum choice for local schools (Cal. Ed. Code 51933).  But the simple fact of the matter is that almost EVERY school teaches sex education.  And IF a local school district teaches sex education, THEN it falls under the rule that “instruction and materials shall teach respect for marriage and committed relationships(Cal Ed. Code 51933(a)(7)).  And that would mean teaching homosexual marriages if homosexual marriage is legal.

AND OH MY GAWD, THEY’RE ALREADY DOING IT!!!

If you DON’T think teachers are rubbing their hands in glee at the prospect of teaching sodomy to your children, then you get to explain why they are so massively funding the political campaign.

The second thing I keep hearing is, this is a human rights issue.  Well, no it isn’t.  Marriage is a privilege, not a right.  If marriage WERE a fundamental human right, then the government – which has the duty of guaranteeing human rights – would have to find me a marriage partner if I couldn’t find one myself.  After all, I have a right to be married! And if I have the right to marry who I choose, then I choose Teri Hatcher (whom I’ve always thought is real pretty).

Getting serious, if a person has a right to marry whoever he or she chooses, then how is a pedophile not having his right deprived if he wants to marry that little boy the schools got hold of and taught that it was okay to bend over and be sodomized?  What about the right of pedophiles to marry who they choose?  Isn’t age as subjective a criteria as gender?  The North American Man/Boy Love Association says they should have that right, and the same ACLU that supports gay marriage has supported NAMBLA.  NAMBLA has resolved to “end the oppression of men and boys who have freely chosen mutually consenting relationships.”  The Man/Boy Love Association belonged to the International Lesbian and Gay Association until the latter achieved United Nations status and had to dissociate itself from NAMBLA.   But the UN-approved ILGA had itself resolved that “young people have the right to sexual and social self-determination and that age of consent laws often operate to oppress and not to protect.”  How do you allow homosexual marriage and ban man/boy marriage?  What about that weird woman who wants to marry her German Shepherd that keeps trying to hump peoples’ legs?  What about that religious cult that wants to marry off a whole bunch of young girls to some 50 year old dude? What about that swinging group of 15 men and women who want to marry one another and move next door to you?

Teachers unions and schools have sided firmly with teachers and against children when sexual abuse has been alleged.  Schools routinely protect pedophile teachers by transferring them to other school districts.  The head of the National Education Association presided over the annual Gay, Lesbian, and Straight Education Network conference which sought to push homosexual activism to kindergarten classrooms.

How do you decide to redefine the “one man, one woman” view of marriage that’s been around since Adam and Eve and hold the line at homosexual couples?  Legalizing homosexual marriage is just the tip of the iceberg, and justifying it will provide justification for all the rest.

The fact of the matter is, declaring that “only marriage between a man and a woman is valid or recognized in California” doesn’t take away homosexual’s right to marriage: a homosexual man can marry any woman who would have him.  Same as me.  Homosexuals’ rights aren’t being “taken away”; rather, they do not wish to have normal sexual relations with a member of the opposite sex, rather like the pedophiles who do not wish to have normal sexual relations with an adult of the opposite sex.  That’s hardly my fault.  So don’t force me to sanctify this “Adam and Steve” thing.

I now understand why teachers are so pathetic at actually teaching children how to learn: they are moral idiots.  They don’t understand fundamental human realities.  They are ideologues who don’t even know how to think themselves, and therefore cannot possibly teach children how to think for themselves.  Obviously this frank damnation of teachers doesn’t extend to every individual teacher; but the fact remains that there are enough ideologues in the field of teaching to instill radical union leadership.

Sadly,  I’m really not exaggerating: teachers are being trained as “agents of change” who “question the legitimacy of a flawed social order.”